Overview In January 2022, Russia exported $5.8B and imported $7.2B from China, resulting in a negative trade balance of $1.4B. Between January 2021 and January 2022 the exports of Russia have increased by $1.39B (31.6%) from $4.41B to $5.8B, while imports increased by $2.83B (64.6%) from $4.38B to $7.2B.
Trade In January 2022, the top exports of Russia to China were Crude Petroleum ($2.17B), Refined Petroleum ($417M), Soybeans ($314M), Refined Copper ($174M), and Sawn Wood ($129M). In January 2022 the top imports of Russia from China were Telephones ($587M), Computers ($305M), Motor vehicles; parts and accessories (8701... ($118M), Electric Heaters ($83.8M), and Other toys ($66.7M).
Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($2.66B), KHANTY-MANSIYSK AUTONOMOUS AREA ($469M), IRKUTSK REGION ($373M), LENINGRAD REGION ($337M), and SAKHALIN REGION ($312M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($3.35B), MOSCOW REGION ($896M), ST. PETERSBURG ($576M), PRIMORYE TERRITORY ($383M), and YAMAL-NENETS AUTONOMOUS AREA ($201M).
Growth In January 2022, the increase in Russia's year-by-year exports to China was explained primarily by an increase in product exports in Soybeans ($295M or 1.57k%), Raw Aluminium ($91.5M or 3.48k%), and Commodities not elsewhere specified ($88.9M or 392%). In January 2022, the increase in Russia's year-by-year imports from China was explained primarily by an increase in product imports in Motor vehicles; parts and accessories (8701... ($27.7M or 30.6%), Air Pumps ($23.2M or 80.1%), and Refrigerators ($18.7M or 149%).
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Now, let's break down the information presented in the article:
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Trade Balance and Overall Numbers:
- In January 2022, Russia experienced a negative trade balance with China, exporting $5.8 billion and importing $7.2 billion, resulting in a deficit of $1.4 billion.
- The year-on-year comparison from January 2021 to January 2022 reveals a 31.6% increase in Russian exports (from $4.41 billion to $5.8 billion) and a 64.6% increase in imports (from $4.38 billion to $7.2 billion).
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Top Exports and Imports:
- Russia's main exports to China in January 2022 included Crude Petroleum ($2.17 billion), Refined Petroleum ($417 million), Soybeans ($314 million), Refined Copper ($174 million), and Sawn Wood ($129 million).
- Top imports from China to Russia comprised Telephones ($587 million), Computers ($305 million), Motor vehicles; parts and accessories ($118 million), Electric Heaters ($83.8 million), and Other toys ($66.7 million).
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Origins of Trade:
- In January 2022, major export hubs in Russia were Moscow ($2.66 billion), Khanty-Mansiysk Autonomous Area ($469 million), Irkutsk Region ($373 million), Leningrad Region ($337 million), and Sakhalin Region ($312 million).
- Import destinations included Moscow ($3.35 billion), Moscow Region ($896 million), St. Petersburg ($576 million), Primorye Territory ($383 million), and Yamal-Nenets Autonomous Area ($201 million).
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Growth Factors:
- The growth in Russia's exports to China in January 2022 was attributed to significant increases in Soybeans ($295 million or 1.57 thousand percent), Raw Aluminium ($91.5 million or 3.48 thousand percent), and Commodities not elsewhere specified ($88.9 million or 392%).
- On the import side, the surge in January 2022 was primarily due to increased imports of Motor vehicles; parts and accessories ($27.7 million or 30.6%), Air Pumps ($23.2 million or 80.1%), and Refrigerators ($18.7 million or 149%).
This comprehensive analysis underscores the intricate dynamics of the Russia-China trade relationship, shedding light on the specific products exchanged, regional origins, and the notable growth drivers in this bilateral economic partnership.
